Henry Linginfelter, Executive Vice President of AGL Resources Inc. (GAS), says the company is targeting its contribution to earnings from its utilities and pipelines at about 80% of overall corporate earnings. He says historically that contribution has been in the high-60s to mid-70s.
“We’re trying to target a consistent delivery of 80% from those business investments — the utilities and the pipelines — over the five-year plan,” he says.
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Another of the company’s key goals is to continue to grow its customer base. Linginfelter says management is already seeing growth and plans to add about 35,000 new meters across its system this year.
“Last year, we added 30,000, and that probably was the most any gas utility company added,” he says. “As a percentage, it is still less than 1% of our customer base, but as a raw number, it’s probably more activity to add customers in our company than in any other company in the country, with 35,000 new accounts in a single year.”
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